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A Primer on Building a Business Budget

A guide at Inc. discusses the basic ins and outs of setting a budget for your business. A budget tells you how much money you have available to spend in order to hit your goals. It encompasses revenues, costs, and of course profits for a given time period. Always favor caution with your estimates, but try to be especially realistic with revenues, the business’s lifeblood. As for costs, there are three kinds: fixed costs, which do not change and include things like rent; variable costs, which might change according to sales volume as seen in the expense of raw materials to make products; and semi-variable costs, fixed costs that can be adjusted over time such as salaries.

You can learn more and in the fullest depth at the full article: http://www.inc.com/encyclopedia/businessbudget.html

About John Friscia

John Friscia is the Editor of Computer Aid's Accelerating IT Success. He began working for Computer Aid, Inc. in 2013 and continues to provide graphic design support for AITS. He graduated summa cum laude from Shippensburg University with a B.A. in English.

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